Notice2026-09917
KKR Real Estate Select Trust Inc., et al.
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
May 18, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 95 (Monday, May 18, 2026)</title>
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[Federal Register Volume 91, Number 95 (Monday, May 18, 2026)]
[Notices]
[Page 28698]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-09917]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 36154; File No. 812-15834]
KKR Real Estate Select Trust Inc., et al.
May 14, 2026.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').
ACTION: Notice.
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Notice of application for an order under sections 17(d) and 57(i)
of the Investment Company Act of 1940 (the ``Act'') and rule 17d-1
under the Act to permit certain joint transactions otherwise prohibited
by sections 17(d) and 57(a)(4) of the Act and rule 17d-1 under the Act.
SUMMARY OF APPLICATION: Applicants request an order to permit certain
business development companies (``BDCs''), closed-end management
investment companies, and open-end management investment companies to
co-invest in portfolio companies with each other and with certain
affiliated investment entities.
APPLICANTS: KKR Real Estate Select Trust Inc.; FS KKR Capital Corp.;
KKR FS Income Trust; KKR FS Income Trust Select; KKR Asset-Based
Finance Fund; KKR Income Opportunities Fund; KKR Asset-Based Income
Fund; KKR US Direct Lending Fund-U Inc.; KKR Enhanced US Direct Lending
Fund-L Inc.; Capital Group KKR Core Plus+; Capital Group KKR Multi-
Sector+; FS/KKR Advisor, LLC; KKR Registered Advisor LLC; KKR Credit
Advisors (US) LLC; certain of their wholly-owned subsidiaries and joint
ventures as described in Appendix A to the application, and certain of
their affiliated entities as described in Appendix B to the
application.
FILING DATES: The application was filed on June 16, 2025, and amended
on November 4, 2025, January 27, 2026, and April 27, 2026.
HEARING OR NOTIFICATION OF HEARING: An order granting the requested
relief will be issued unless the Commission orders a hearing.
Interested persons may request a hearing on any application by emailing
the SEC's Secretary at <a href="/cdn-cgi/l/email-protection#7320161001160712010a005e3c15151a1016330016105d141c05"><span class="__cf_email__" data-cfemail="ebb88e88998e9f8a999298c6a48d8d82888eab988e88c58c849d">[email protected]</span></a> and serving the
Applicants with a copy of the request by email, if an email address is
listed for the relevant Applicant below, or personally or by mail, if a
physical address is listed for the relevant Applicant below. The email
should include the file number referenced above. Hearing requests
should be received by the Commission by 5:30 p.m., Eastern time, on
June 8, 2026, and should be accompanied by proof of service on the
Applicants, in the form of an affidavit or, for lawyers, a certificate
of service. Pursuant to rule 0-5 under the Act, hearing requests should
state the nature of the writer's interest, any facts bearing upon the
desirability of a hearing on the matter, the reason for the request,
and the issues contested. Persons who wish to be notified of a hearing
may request notification by emailing the Commission's Secretary at
<a href="/cdn-cgi/l/email-protection#3360565041564752414a401e7c55555a5056734056501d545c45"><span class="__cf_email__" data-cfemail="9bc8fef8e9feeffae9e2e8b6d4fdfdf2f8fedbe8fef8b5fcf4ed">[email protected]</span></a>.
ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#e9ba8c8a9b8c9d889b909ac4a68f8f808a8ca99a8c8ac78e869f"><span class="__cf_email__" data-cfemail="f5a6909687908194878c86d8ba93939c9690b5869096db929a83">[email protected]</span></a>. Applicants: Noah
Greenhill, Esq., KKR Credit Advisors (US) LLC, 555 California Street,
50th Floor, San Francisco, CA 94104; with copies to Kenneth E. Young,
Dechert LLP, 1095 6th Avenue, New York, NY 10036; and William J.
Bielefeld and Paul S. Stevens, Dechert LLP, 1900 K Street NW,
Washington, DC 20006.
FOR FURTHER INFORMATION CONTACT: Kieran G. Brown, Senior Counsel, or
Adam Large, Senior Special Counsel, at (202) 551-6825 (Division of
Investment Management, Chief Counsel's Office).
SUPPLEMENTARY INFORMATION: For Applicants' representations, legal
analysis, and conditions, please refer to Applicants' third amended and
restated application, filed April 27, 2026, which may be obtained via
the Commission's website by searching for the file number at the top of
this document, or for an Applicant using the Company name search field,
on the SEC's EDGAR system. The SEC's EDGAR system may be searched at
<a href="https://www.sec.gov/search-filings">https://www.sec.gov/search-filings</a>. You may also call the SEC's Office
of Investor Education and Assistance at (202) 551- 8090.
For the Commission, by the Division of Investment Management,
under delegated authority.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2026-09917 Filed 5-15-26; 8:45 am]
BILLING CODE 8011-01-P
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